Mr. Hendrik van Alphen reports

WEALTH MINERALS PROVIDES OPERATIONAL UPDATE

Wealth Minerals Ltd. has provided an operation update.

Prospectors & Developers Association of Canada (PDAC)

Wealth Minerals will host at booth No. 3141 during PDAC, the world's largest mining conference to be held in Toronto, Canada, from March 3 to 6. Management will be at the booth and ready to meet during the conference.

Kuska project

In preparation for advancing the Kuska project past its current preliminary economic assessment stage (see PEA report, as announced on Feb. 16, 2024), the company has completed a new geophysical survey with data lines both within the existing resource area as well as lines that intersect the new licence areas as announced on Feb. 27, 2024. Preliminary analysis suggests that the new geophysical lines demonstrate the continuation of the main Ollague geophysical anomaly into the recently acquired licences. The company will provide more detail upon final analysis of this geophysical survey in due course.

Yapuckuta project

Wealth announces that the Atacama project has been renamed to Yapuckuta project. Yapuckuta means "rich in salt," or "abundant in salt" in the Kunza (Atacameno) language. This was done to better separate the name of the project from the geological feature upon which it sits, to avoid confusion, and better accentuate the difference between Wealth's assets and those of its peer group to the south of the company in the Atacama salar.

The state environmental authorities have granted permission to a local indigenous organization in the Atacama salar, to proceed with the drilling of groundwater monitoring wells covering a vast area that includes the Yapuckuta project. Local indigenous communities participated in the permitting process and have agreed in moving forward with these activities, that will begin in the short term.

While these monitoring holes will be shallow and are not designed to intersect with what the company believes will be the main brine reservoir in the Yapuckuta project, they will provide valuable information about the geology, water levels, and how deep and/or shallow brines exist in Wealth's Yapuckuta project area, information that will be critical for future Wealth Minerals environmental assessment study.

About Wealth Minerals Ltd.

Wealth Minerals is a developer of premier Chilean lithium projects in support of the global energy transition. The company's flagship Yapuckuta lithium project spans 46,200 hectares in the Atacama salar, a region which contains the world's highest-grade and largest producing lithium brine deposits. The Kuska lithium project spans 10,500 hectares and maintains an after-tax net present value (10-per-cent discount) of $1.15-billion (U.S.) per a preliminary economic assessment announced in January, 2024.

We seek Safe Harbor.